LEDLITE
ActiveSummary
The computed 12-month bankruptcy probability of LEDLITE is 4.5% (elevated). The 2024 annual accounts show negative equity (-€138,366) and a net result of -€19,902. Equity is shrinking by about 36% per year across the filed financial years. Its solvency ranks better than 7% of 137 sector peers (NACE 27, financial year 2024). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 4.9 FTE
- Equity
- -€138,366
- Loss
- -€19,902
- Parent
- SIRIEN · 61%
- NIEZEN, MichelDirector
Why 36raises riskLiquidity: current ratio 0.81, cash €10,389, halvedFigures for financial year 2024 (filed 02-07-2025)Negative equity -€138,366Sector: Manufacture of electrical equipment (NACE 27)Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, micro): better than 5% on solvency, 3% on liquidity, 23% on profitability and 22% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 31 days after the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
- Amendment of the articlesCapital increase · Capital ·…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Reappointments: QUIEVY Anne (director) and NIEZEN…Appointment: NIEZEN Michel (director)
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 29 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €6,148 after a loss of €183,118 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,796 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,796 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €382,526 | €417,192 | €402,525 | €337,892 | ▼ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,501 | €1,150 | €1,807 | €13,030 | €13,030 | €12,811 | €13,470 | ▲ 5.1% |
| Other operating charges640/8 | - | - | - | €1,989 | €1,854 | €2,000 | €676 | ▼ 66.2% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | - | - | -€40,139 | - |
| Gross operating margin9900 | €480,792 | €384,112 | €372,716 | €421,430 | €344,735 | €234,218 | €318,048 | ▲ 35.8% |
| Operating profit (loss)9901 | €80,060 | -€56,023 | €21,505 | €23,884 | -€87,341 | -€183,118 | €6,148 | - |
| Financial income75/76B | - | - | - | €24 | €639 | €26 | €5,875 | ▲ 223× |
| Recurring financial income75 | €1,325 | €351 | €69 | €24 | €639 | €26 | €5,875 | ▲ 223× |
| Financial charges65/66B | - | - | - | €13,698 | €17,404 | €26,949 | €31,924 | ▲ 18.5% |
| Recurring financial charges65 | €10,278 | €11,380 | €10,409 | €13,698 | €17,404 | €26,949 | €31,924 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €71,107 | -€67,052 | €11,165 | €10,210 | -€104,106 | -€210,040 | -€19,902 | ▲ 90.5% |
| Income taxes67/77 | €417 | €221 | €176 | €173 | €200 | €7 | - | - |
| Profit (loss) for the period9904 | €70,690 | -€67,273 | €10,988 | €10,037 | -€104,306 | -€210,047 | -€19,902 | ▲ 90.5% |
| Profit (loss) for the period to be appropriated9905 | €70,690 | -€67,273 | €10,988 | €10,037 | -€104,306 | -€210,047 | -€19,902 | ▲ 90.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €844,657 | €729,108 | €728,221 | €707,453 | €602,705 | €465,822 | €514,848 | ▲ 10.5% |
| Fixed assets21/28 | €5,323 | €9,923 | €65,050 | €53,420 | €40,390 | €27,579 | €69,909 | ▲ 153% |
| Intangible fixed assets21 | - | - | - | - | - | - | €52,977 | - |
| Tangible fixed assets22/27 | - | €4,600 | €59,727 | €46,697 | €33,667 | €20,856 | €10,209 | ▼ 51.0% |
| Furniture and vehicles24 | - | - | - | €4,547 | €2,164 | - | - | - |
| Leasing and similar rights25 | - | - | - | €42,150 | €31,503 | €20,856 | €10,209 | ▼ 51.0% |
| Financial fixed assets28 | €5,323 | €5,323 | €5,323 | €6,723 | €6,723 | €6,723 | €6,723 | = |
| Current assets29/58 | €839,334 | €719,185 | €663,170 | €654,033 | €562,315 | €438,243 | €444,939 | ▲ 1.5% |
| Stocks and contracts in progress3 | €238,339 | €320,288 | €309,997 | €300,117 | €277,905 | €283,590 | €288,607 | ▲ 1.8% |
| Stocks30/36 | - | - | - | €300,117 | €277,905 | €283,590 | €288,607 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €587,370 | €386,226 | €274,134 | €347,341 | €280,097 | €119,054 | €144,221 | ▲ 21.1% |
| Trade receivables40 | - | - | - | €327,530 | €267,336 | €104,831 | €131,999 | ▲ 25.9% |
| Other amounts receivable41 | - | - | - | €19,812 | €12,760 | €14,222 | €12,222 | ▼ 14.1% |
| Cash at bank and in hand54/58 | €12,701 | €11,727 | €77,167 | €4,175 | €4,314 | €34,520 | €10,389 | ▼ 69.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,400 | - | €1,080 | €1,721 | ▲ 59.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €844,657 | €729,108 | €728,221 | €707,453 | €602,705 | €465,822 | €514,848 | ▲ 10.5% |
| Equity10/15 | €242,136 | €174,864 | €185,852 | €195,889 | €91,583 | -€118,464 | -€138,366 | ▼ 16.8% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €179,136 | €111,864 | €122,852 | €132,889 | €28,583 | €28,583 | €28,583 | = |
| Non-distributable reserves130/1 | - | - | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | - | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Tax-exempt reserves132 | - | - | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | €107,839 | €3,533 | €3,533 | €3,533 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€210,047 | -€229,949 | ▼ 9.5% |
| Amounts payable17/49 | €602,521 | €554,244 | €542,368 | €511,563 | €511,122 | €584,287 | €653,214 | ▲ 11.8% |
| Amounts payable after more than one year17 | - | - | €51,508 | €62,117 | €41,479 | €20,472 | €100,493 | ▲ 391% |
| Financial debts170/4 | - | - | - | €62,117 | €41,479 | €20,472 | €100,493 | ▲ 391% |
| Amounts payable within one year42/48 | €601,822 | €552,834 | €486,060 | €449,447 | €462,443 | €561,415 | €547,921 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €58,897 | €72,954 | €84,804 | €29,484 | ▼ 65.2% |
| Financial debts43 | - | - | - | €193,266 | €185,761 | €266,244 | €258,474 | ▼ 2.9% |
| Credit institutions430/8 | - | - | - | €193,266 | €185,761 | €266,244 | €258,474 | ▼ 2.9% |
| Trade debts44 | €328,299 | €175,025 | €148,348 | €102,326 | €109,246 | €126,965 | €127,926 | ▲ 0.8% |
| Suppliers440/4 | - | - | - | €102,326 | €109,246 | €126,965 | €127,926 | ▲ 0.8% |
| Taxes, remuneration and social security45 | - | - | - | €61,763 | €66,018 | €48,409 | €81,947 | ▲ 69.3% |
| Taxes450/3 | - | - | - | €19,655 | €17,519 | €6,583 | €40,684 | ▲ 518% |
| Remuneration and social security454/9 | - | - | - | €42,107 | €48,499 | €41,826 | €41,263 | ▼ 1.3% |
| Other amounts payable47/48 | - | - | - | €33,195 | €28,464 | €34,994 | €50,090 | ▲ 43.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7,200 | €2,400 | €4,800 | ▲ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,690 | -€67,273 | €10,988 | €10,037 | -€104,306 | -€210,047 | -€19,902 | ▲ 90.5% |
| + Depreciation and write-downs630 | €3,501 | €1,150 | €1,807 | €13,030 | €13,030 | €12,811 | €13,470 | ▲ 5.1% |
| Operating cash flow (approximation) | €74,191 | -€66,123 | €12,796 | €23,067 | -€91,276 | -€197,236 | -€6,432 | ▲ 96.7% |
| Investment in fixed assets (approximation) | - | -€5,750 | -€56,934 | -€1,400 | €0 | €0 | -€55,801 | - |
| Change in cash | - | -€975 | €65,440 | -€72,993 | €139 | €30,206 | -€24,131 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00217948 |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00313690 |
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00362943 |
| 31-12-2021 | abbreviated format | 24-08-2022 | 2022-20320360 |
| 31-12-2020 | abbreviated format | 21-12-2021 | 2021-81000523 |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-45500335 |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-28800360 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-52900448 |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-64400506 |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-53300158 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Other functions 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| NIEZEN, Michel |
|
| QUIEVY Anne |
|
Owners and capital
Owners
1 ownerChain of control
- SIRIEN
- LEDLITE
Highest known parent: SIRIEN. The sources do not say who stands above it.
Owners 1
- SIRIENparentSourceaccounts SIRIEN 202561%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- SIRIEN (BE 0461.731.678) 3,970 shares · €100,044
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-11-2025 Capital increase of €100,044 · to €163,044 · 3,970 new shares · in cash
- 05-07-2024 Capital stated in the deed · €63,000 · 2,500 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
18-11
Gazette deed
Amendment of the articlesCapital increase · Capital · Power of attorney9 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “afstand van de verslagen, eenparigheid van stemmen” (deed in Dutch)
- Capital increase, €100,044
- Other provision, “vertegenwoordigingsbevoegdheid en ontslag aansprakelijkheid notaris, overeenkomstig statuten en met machtiging van bestuursorgaan te mogen handelen” (deed in Dutch)
- Other provision, “bankattest kapitaalverhoging, ontvangstbewijs van bank ontvangen en conform Wetboek van vennootschappen en verenigingen vastgesteld” (deed in Dutch)
- Capital, €163,044
- Amendment of the articles, 5
- Power of attorney, Harold Bauwens
- Power of attorney
01-08
Gazette deed
Reappointments: QUIEVY Anne (director) and NIEZEN Michel (director)Appointment: NIEZEN Michel (director)4 facts ▸
- General meeting, 24-06-2021
- Director reappointment, QUIEVY Anne (director (executive))
- Director reappointment, NIEZEN Michel (director (executive))
- Director appointment, NIEZEN Michel (director)
05-07
Gazette deed
Amendment of the articlesCapital · Power of attorney4 facts ▸
- General meeting, 26-06-2024
- Amendment of the articles
- Capital, €63,000
- Power of attorney
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0418.745.238
Recognitions · licences · registrations
Recognised contractor
6 categories- C3 Non-electric road signs, safety devices, fences and screensclass 1, up to €162,000
- M1 Industrial and high-frequency electronic equipmentclass 1, up to €162,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
- S2 Remote control, monitoring and meteringclass 1, up to €162,000
- S3 Radio and television transmission, radar and antennasclass 1, up to €162,000
- S4 Data processing and process controlclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71033B1223/07L002 | Flanders | 1,092 m² | 1 · 1,539 m² | 5.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het vervaardigen,commercialisatie van permanente of tijdelijke signalisatie - reclame - lichtborden,vervaardigd volgens LED systeem of met…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Het vervaardigen,commercialisatie van permanente of tijdelijke signalisatie - reclame - lichtborden,vervaardigd volgens LED systeem of met of volgens andere systemen.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LEDLITE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan kan bij eenvoudige beslissing administratieve,operationele,agentschaps-of bijkantoren in België of buitenland…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone“Overeenkomstig het laatste lid van artikel 2:55 van het Wetboek van vennootschappen en verenigingen kan, indien de rechtspersoon de enige…”
Full text
Overeenkomstig het laatste lid van artikel 2:55 van het Wetboek van vennootschappen en verenigingen kan, indien de rechtspersoon de enige bestuurder van de vennootschap is, een plaatsvervangende vaste vertegenwoordiger worden benoemd. Het overlijden, ontzetting uit het ambt, insolventie, faillissement of liquidatie van de enige bestuurder of enige andere in de statuten genoemde oorzaak heeft automatisch de beëindiging van zijn taken tot gevolg. B/ Bevoegdheden van de enige bestuurder en vertegenwoordiging van de vennootschap De enige bestuurder heeft, binnen het kader van het doel, alle bevoegdheden om namens de vennootschap op te treden, met uitzondering van de handelingen die de wet of de statuten voorbehouden aan de algemene vergadering. Hij beschikt dus over alle bestuurs- en beschikkingsbevoegdheden. Alle akten die de vennootschap binden, in gerechtelijke procedures en in alle transacties, zijn geldig als ze ondertekend zijn door de enige bestuurder. De enige bestuurder kan, onder zijn eigen verantwoordelijkheid, bijzondere bevoegdheden delegeren aan elke agent, al dan niet vennoot. De enige bestuurder bepaalt of ze alleen of samen handelen. C/ Dagelijks bestuur De enige bestuurder bepaalt de taken en de eventuele bezoldiging van de gedelegeerden voor het dagelijks bestuur die hij aanwijst. Hij kan hun mandaat te allen tijde intrekken.
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde tijd, bestuurder” (deed in Dutch)“Collegiaal bestuursorgaan Raad van Bestuur, meerdere directeuren” (deed in Dutch)“Vacatures, eerstvolgende Algemene Vergadering moet bevestigen” (deed in Dutch)“Bestuurder, tenzij Algemene Vergadering anders beslist” (deed in Dutch)“Voorzitterschap, benoemd door Raad van Bestuur onder zijn leden” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam bijgehouden op maatschappelijke zetel beschikbaar voor alle aandeelhouders met informatie vereist door WVV…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft verkoper en helft koper of kopers naar rato aantal verkregen aandelen indien meerdere, verkoop of overdracht van aandelen onder…” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- “Artikel 24 - Boekjaar Het boekjaar begint op de eerste dag van januari en eindigt op de eenendertigste december.” (deed in Dutch)
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June at 11:45
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffening bij ontbinding, ruimste bevoegdheden van artikel 2:87 en volgende Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)